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SUIUSDT trade ideas

📈 Keep an eye on $SUI it might be gearing - SpotBuy only📈 Keep an eye on SUIUSDT - it might be gearing up for a breakout soon! 🚀 The signs are t here, and the anticipation is building. 1.📊 Detected RSI divergence on both the 4-hour (4TF) and daily (DTF) charts! 🚀 This could be a significant sign of a potential trend reversal or breakout. 2.Observing EQL across multiple timeframes analysis! 🕐🚀 The bigger picture becomes clearer when we examine different timeframes. Stay vigilant and ready to seize the opportunity! 📊🔥 #SUI #BreakoutAlert #TradingOpportunity #StayTuned
Long
by SatoshiPremium
SUI SUIUSDT Price Analysis (4h)Greetings, fellow traders! Let's dive into analysis of SUIUSDT's recent price action since our last update 👉 The journey of price movement has been intriguing, revealing essential patterns that provide us with valuable insights. After an impressive breakout from a substantial Triangle pattern, SUIUSDT embarked on a downward trajectory, carving a distinct Falling Wedge shape. This transition didn't just showcase price movement; it signaled a shift in market sentiment, setting the stage for potential opportunities. What adds an intriguing twist to this narrative is the emergence of a Bullish Divergence signal on the Relative Strength Index (RSI) . This phenomenon is akin to a beacon of hope, suggesting that despite the price descending, there's an underlying strength that may soon exert itself. Bullish Divergence occurs when the price is in a downtrend, but the RSI, a key indicator of momentum, moves in the opposite direction, showing a potential loss of downward momentum. This often anticipates a potential trend reversal, acting as a precursor to an upward move. Now, the plot thickens as we witness the formation of a diminutive Rising Wedge pattern. This pattern, characterized by converging trendlines slanted upwards, can be a harbinger of a future price shift. As we know, patterns in trading are like the breadcrumbs left by market participants, providing us with a potential roadmap. However, while Rising Wedges can hint at an upward breakout, they often precede a retracement. This leads us to a forecast for the next few days: a modest retracement in price, possibly aiming to touch the Support Target of $0.56. This level could serve as a temporary resting place before the price springs back to life. Our gaze is then set on a target resistance of $0.71. This price zone has the potential to act as a significant barrier that the price may need to breach to continue its ascent. A successful breach here could be indicative of a more substantial upward movement. In this dynamic dance of patterns and signals, it's important to remember that trading is an art as well as a science. While we delve into the intricacies of price action and patterns, it's crucial to maintain a vigilant eye on risk management. The journey may be exciting, but it's essential to navigate it with prudence. As we anticipate the next chapters in SUIUSDT's story, let's continue to explore, learn, and adapt to the ever-changing landscape of the financial markets. Happy trading, dear comrades! 📈🚀
by Vestinda
2
Brief Analysis ——SUIToday we bring a brief analysis for two tokens. They are AMEX:APT and $SUI. If you are a veteran in crypto, you will know that both projects are built on the MOVE language. And they all have the DNA of Diem, a famous blockchain created by Facebook. It has only been 3 months since SUI was listed on Binance. The price pumped on the first day and then started to drop. After mid-June, the price entered into a range. Although the price did not fall further, the high point of the rebound was gradually lowered. Recently, the volume of SUI has decreased, so the volatility has lowed. Price approached previous lows on the way down. Conclusion: Mostly fluctuation. Although Sui remains bearish on a large scale, the gap between bulls and bears is not obvious at present. Also, price is near the lows, a level that would provide strength to the bulls. Therefore, we think the possibility of fluctuation is greater, we set the resistance level at 0.74 and the support level at 0.57. If you have any ideas, welcome to communicate with us:) Disclaimer: Nothing in the script constitutes investment advice. The script objectively expounded the market situation and should not be construed as an offer to sell or an invitation to buy any cryptocurrencies. Any decisions made based on the information contained in the script are your sole responsibility. Any investments made or to be made shall be with your independent analyses based on your financial situation and objectives.
by Sypool
SUI SUIUSDT Price Analysis (4h)🌟 Hello, dear traders and investors! 📊💹 Let's delve into our analysis of SUI price action! Two days ago, SUI made a remarkable breakout from a Triangle shape. This Triangle pattern was accentuated by two Harmonic bearish patterns, adding extra strength to the formation. 🐻📈 However, the price has yet to reach its target, leaving us eagerly anticipating the next move. 🔍 Currently, we are closely monitoring SUI for a potential downward movement towards the target zone, estimated at $0.55-0.50. 🎯 The convergence of the Triangle breakout and Harmonic bearish patterns could act as a powerful catalyst for the price to head towards the anticipated zone. As we navigate through this exciting phase, let's exercise patience and caution, applying sound risk management strategies to guide our trading decisions. Wishing you a successful and rewarding trading journey! 🚀📈✨
by Vestinda
SUI/USDT | 4h 👀 Who likes Sui ? 1. Bearish Divergence found on SUI on the 4-hour timeframe. 2. SUI probably will fall. This is close to a breakout down. ✅ Stay updated on market news and developments that may influence the price of Sui. Positive or negative news can significantly impact the cryptocurrency's value. ✅ Exercise patience and discipline when executing your trading plan. Avoid making impulsive decisions driven by emotions, and adhere to your strategy even during periods of market volatility. ✅ Remember that trading always involves risk, and there are no guarantees of profit. Conduct thorough research, analyze market conditions, and be prepared for various scenarios. Trade only with funds you can afford to lose and avoid excessive risk-taking. #Cryptocurrency #Crypto #Coins #Altcoins #Finance #Trading #SUI #Cryptomarket #SUIUSDT #Futuresr
Short
by Nyskohuz
SUIUSD will turn bullish soon!Red path is slightly more bearish first, but overall I can see $1.20 soon on SUI/USD. The down trend has been broken on daily chart and currently retesting the trendline. But sometimes it’s faking out long, going a little more down than just retesting the trendline to make long traders insecure and to then turn up again and do the real breakout long - call it a shakeout. I think in the down case, around $0.65 can be a good first long entry and second long entry just around $0.60. In the bullish case, it is already now a good long entry around $0.68-$0.69. I am always using tight stops, in case case I am already long from just under $0.68 with a stoploss at current lows. I am constantly checking price action to reassess my analysis. These are my current thoughts. I might lose a little due to stoplosses, but if the overall long works, it will make up for eventual losses. If it breaks and stays under $0.60, my analysis was wrong and I will move on :)
Long
by Coin96
2